Anti-Financial Crime Compliance & Risk Management

Anti-Financial Crime Compliance & Risk Management

Course Overview

This 5-day intensive course focuses on anti-financial crime compliance and risk management, providing participants with essential knowledge and practical skills to combat financial crimes such as money laundering, fraud, and corruption. The course covers regulatory requirements, risk assessment methodologies, and effective strategies for implementing anti-financial crime controls. Participants will gain insights into the latest trends and technologies in financial crime prevention and develop practical approaches to enhance their organisation's compliance framework.

Target Audience

• Compliance officers and managers
• Risk management professionals
• Financial crime analysts and investigators
• Internal auditors and legal professionals

Course Objectives

• To understand the regulatory framework and key requirements for anti-financial crime compliance
• To develop skills in assessing and managing financial crime risks
• To learn strategies for implementing and monitoring anti-financial crime controls
• To analyse the impact of emerging trends and technologies on financial crime prevention
• To enhance practical skills in responding to and investigating financial crime incidents

Day-by-Day Course Outline

Day 1: Introduction to Anti-Financial Crime Compliance

• Overview of financial crime: Types, examples, and impact on organisations
• Regulatory landscape: Key regulations and compliance requirements (e.g., AML, CFT, GDPR)
• Roles and responsibilities in anti-financial crime compliance
• The importance of a strong compliance culture and governance framework
• Case study: Examining a high-profile financial crime and lessons learned

Learning Outcome:

Participants will gain a foundational understanding of financial crime types, regulatory requirements, and the role of compliance in preventing financial crime.

Day 2: Risk Assessment and Management

• Risk assessment methodologies: Identifying, assessing, and prioritising financial crime risks
• Developing and implementing risk management frameworks and controls
• Conducting risk assessments: Tools and techniques for evaluating vulnerabilities
• The role of internal controls and monitoring in mitigating financial crime risks
• Workshop: Performing a risk assessment for a simulated business scenario

Learning Outcome:

Participants will learn how to conduct comprehensive risk assessments and develop effective risk management strategies for financial crime prevention.

Day 3: Anti-Financial Crime Controls and Compliance Strategies

• Key components of an effective anti-financial crime programme: Policies, procedures, and training
• Designing and implementing anti-money laundering (AML) and counter-financing of terrorism (CFT) controls
• Monitoring and reporting suspicious activities: Techniques and best practices
• Conducting due diligence: Customer and transaction screening
• Case study: Evaluating the effectiveness of anti-financial crime controls in a financial institution

Learning Outcome:

Participants will understand how to design, implement, and monitor anti-financial crime controls and compliance strategies.

Day 4: Emerging Trends and Technologies in Financial Crime Prevention

• The impact of technology on financial crime: Cybercrime, digital currencies, and online fraud
• Leveraging technology for financial crime prevention: Data analytics, machine learning, and AI
• Regulatory updates and emerging trends: Keeping up with changes and innovations
• The role of collaboration and information sharing in combating financial crime
• Workshop: Applying technology solutions to enhance anti-financial crime measures

Learning Outcome:

Participants will be aware of emerging trends and technologies in financial crime prevention and how to integrate these into their compliance strategies.

Day 5: Investigations and Response to Financial Crime Incidents

• Investigating financial crimes: Techniques and best practices for internal investigations
• Responding to and managing financial crime incidents: Crisis management and remediation
• Legal and ethical considerations in financial crime investigations
• Reporting financial crime: Regulatory and organisational requirements
• Group project: Developing an incident response plan for a hypothetical financial crime scenario

Learning Outcome:

Participants will acquire practical skills in investigating financial crimes, managing incidents, and ensuring compliance with reporting requirements.

By the End of the Course, Participants Will Learn:

• The regulatory framework and compliance requirements for preventing financial crime
• Methods for assessing and managing financial crime risks
• Strategies for implementing and monitoring anti-financial crime controls
• How to leverage emerging technologies and trends in financial crime prevention
• Practical skills for investigating financial crimes and managing response strategies

Course Delivery Methods

• Expert-led lectures and interactive presentations
• Group discussions and analysis of real-world case studies
• Hands-on workshops in risk assessment, control implementation, and technology application
• Practical exercises in investigating and responding to financial crime incidents
• Group projects and presentations to apply course concepts to simulated scenarios

Course Dates and Venue locations:

The Certificate:

After attending and completing the entire ARUK training course, delegates will be issued a Certificate of Completion

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4500 £ (Inc. VAT)